This article shows how clients can benefit from viewing a health savings account as a flexible tax-favored investment strategy.
Personal Financial Planning
The federal opportunity zone program creates jobs and improves communities, and the tax benefits for investors remain substantial.
A CPA’s advice becomes even more vital once a client retires since poor decisions about Social Security, Medicare, and other retirement funding strategies will hamper clients for the rest of their lives.
It is important to consider some of the less-obvious gifts when you are advising clients who are intent on using up their full $11.7 million basic exclusion amount before the end of the year.
Today’s low interest rates make charitable lead trusts a more powerful option for tax-efficient estate planning.
In a year when real estate prices are soaring in many areas of the country, these easily overlooked allocations can have a significant tax impact.
This article discusses four things for financial and tax advisers to keep in mind when working with clients holding cryptoassets.
Due to concern about tax rate increases, some taxpayers may be looking to accelerate income. While income acceleration does not make sense in all circumstances, this article outlines seven strategies for accelerating income when it does.
The opportunity zone program offers a solution for deferring gains and allows investors to diversify into real estate or operating businesses.
These trusts can be advantageous to wealthier clients, but their future use in estate planning is threatened by current legislative proposals.
The IRS issued the adjusted ceilings, thresholds, and limitations for various retirement plans and individual retirement accounts for 2022.
Donor-advised funds have increased in popularity because of recent legislative changes that affect charitable giving.
This second part of an annual update examining developments in estate, trust, and gift taxation covers recent court cases, proposed regulations, and other IRS guidance on estate tax.
This article discusses the history of the grantor trust rules, how they are exploited to avoid taxes, and ways the rules might be reformed to prevent them from being used for tax avoidance.
With potential tax hikes looming, CPAs can help clients manage capital gains taxes with the right strategy.
You must know why your clients are seeking your advice before building a financial plan that fits their needs.
This semiannual update surveys recent federal tax developments involving individuals.
As many companies continue to work remotely and demand for office space dries up, landlords and banks may be forced to renegotiate debt agreements or foreclose on assets, which could have significant tax consequences.
Taxpayers can avoid unplanned taxes and penalties by carefully following rules for contributions to and distributions from tax-favored education savings vehicles and making sure distributed funds are used for "qualified higher education expenses."
This article discusses issues taxpayers should consider during a litigation or arbitration process.